BY OLYMPIA MEOLA
President Barack Obama’s campaign has released a TV ad in Virginia and other battleground states highlighting a new report that finds that middle- and low-income taxpayers would pay more under presumptive Republican presidential nominee Mitt Romney’s tax plan.
The study from the Tax Policy Center, a project of the Urban Institute and Brookings Institution, found that “any revenue-neutral individual income tax change that incorporates the features Gov. Romney has proposed would provide large tax cuts to high-income households, and increase the tax burdens on middle- and/or lower-income taxpayers.”
The report was released on Wednesday, and the Obama campaign this morning announced the new 30-second spot to air here and in New Hampshire, North Carolina, Florida, Ohio, Iowa, Colorado and Nevada.
“You work hard, stretch every penny, but chances are you pay a higher tax rate than him,” the ad’s narrator says, adding that Romney paid 14 percent in taxes in 2010 — “probably less than you.”
“Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2,000 dollars a year,” the narrator says. “Mitt Romney’s middle class tax increase — he pays less, you pay more.”
One of the three authors of the report, Adam Looney, worked as a senior economist with the President’s Council of Economic Advisers from 2009-10.
Allie Brandenburger, a spokeswoman for Romney’s campaign, said: “President Obama’s policies have devastated the middle class, resulting in higher unemployment, lower incomes, and greater uncertainty about the future.
“The only answer he has for his failed policies is to cite false and inaccurate studies and to raise taxes on millions of families, small businesses, and job creators. That is the last thing we should do in this economy. Mitt Romney has a plan for a stronger middle class that will lower tax rates across the board, cut the deficit, and get our economy growing again.”
It appears that both the Obama and Romney campaigns will stay on the subject for the remainder of the week, as both have rolled out events to push their message for the middle class in battleground states.
President Obama will hold a campaign event in Leesburg this evening, capping a three-state swing to talk about his vision to “rebuild the economy from the middle out, cut taxes for middle-class families and reduce the country’s deficit.”
His campaign on Wednesday announced events this week in several states built around the same theme — talking with “working families and middle class Americans about the choice in this election between two fundamentally different visions of how to grow the economy, create middle-class jobs and pay down the debt.”
The Romney campaign this morning announced 24 “Strengthening the Middle Class” events to be held today and Friday in 13 states “to highlight the need for policies that strengthen the middle class.”
Events are slated for Virginia as well as Iowa, Michigan, Missouri, North Carolina, New Hampshire, New Mexico, Nevada, Ohio, Pennsylvania, Wisconsin, Florida and Colorado.
In Virginia, events will be held Thursday at the Leesburg GOP campaign office and in Mechanicsville at Colonial Body and Paint.